|Type:||Policies, Strategies, and Plans|
ADB administration and governance; Poverty
The Asian Development Bank (ADB) formally adopted poverty reduction as its overarching goal in 1999 and announced its Poverty Reduction Strategy (PRS) to achieve this end. Four years after the adoption of the PRS, a comprehensive review was undertaken to obtain feedback from the implementation experience of the PRS and examine its relevance in the context of the major changes that have occurred both within the region and globally. This process was completed in July 2004. This document summarizes the essential elements of ADB’s strategy for poverty reduction today enhanced by feedback from the review.